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American Corporations Increasingly have to worry about foreign bribery laws, too. Other countries are cooperating with the United States, and some are beginning to actively prosecute cases as well. The 30 industrialized nations in the Organization for Economic Cooperation and Development signed a treaty in 1999 agreeing to adopt antibribery criminal laws. Six other countries have since signed the treaty. And last fall the U.S. joined 64 other nations in the United Nations Convention Against Corruption. This treaty requires the countries to make bribery a crime and to cooperate in prosecutions. Shearman & Sterling partner Danforth Newcomb says that he’s also seeing more foreign countries, especially France and Germany, take action. For example, in April the German engineering giant Siemens AG announced that both its board chairman and its CEO were leaving amid expanding investigations into bribery and corruption scandals; in mid-May, two former managers were convicted of bribery in a German court. In a public statement, the company said that it spent more than $87 million in the first quarter of 2007 on investigative and remedial efforts. So far, Siemens said, it has found $571 million in suspicious transactions over the past seven years, including possible involvement in the oil-for-food scandal in Iraq [see "The First Shoe Drops," page 76]. Assistant attorney general Alice Fisher says the U.S. is trying to foster enforcement abroad by sending prosecutors and police to countries that need training in spotting and prosecuting corruption. According to a U.S. Department of Justice official, in 2006 the department’s police training unit provided 94 public integrity, accountability, and anticorruption training sessions in 13 countries. In Iraq alone, the unit trained 120 anticorruption investigators and 161 special investigative officers assigned to more than 1,800 public corruption cases. Additionally, the department has 40 resident legal advisers training prosecutors on anticorruption in 27 countries, including Iraq. Noting that Japan just brought its first bribery case, Newcomb says, “Clearly the U.S. is focused very much on whether other countries are enforcing their laws as required by the OECD convention.”

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